200 Centennial Dr McPherson, KS 67460
- Hotels
- 49,142 SF
- 3.24 lot acres
Current Use by Public Records
- US Consolidated Farm Services Agency / Conservation Department
- Hampton Inn McPherson / Hotel
- Natural Resources Conservation / Conservation Department
Property Details for 200 Centennial Dr
- Year built
- 2015
- Lot size
- 3.24 lot acres
- Property size
- 49,142 SF
- Property type
- Hotels
- APN
- 137-26-0-20-04-001.03-0
- APU
- 1372602004001030
Description
Exceptional opportunity to acquire a fee-simple, 73-key Hampton Inn in McPherson, Kansas. Built in 2016, this four-story, 1-building hotel sits on a 3-acre lot at 200 Centennial Dr, McPherson, KS 67460. Conveniently located near I-135, a major interstate, and within walking distance of restaurants and retail, including a Walmart Supercenter. The hotel benefits from its proximity to McPherson College, McPherson Museum & Foundation, and a recently opened Love's Travel Plaza. McPherson, a thriving town of 14,000, boasts a diverse business community with numerous national and international companies in pharmaceuticals, plastics, energy, and equipment manufacturing, including Pfizer, Johns Manville, and CertainTeed. The area's strong economy and central location contribute to the hotel's consistent revenue generation. The hotel features amenities such as a fitness center and meeting room, and boasts kitchenette suites. Currently ranked #1 of 8 hotels in the market on TripAdvisor, this smoke-free property presents a compelling investment opportunity, priced at under $93,000 per key and 30% below current new construction costs. While revenue is stabilizing after the opening of new competition, a manageable refresh is anticipated. This stabilized investment offers a rare chance to own a premium-branded hotel in a high-growth market. The asking price is $6,750,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $940,000
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Location Insight
- Map
- Local Demand
- City
- Mcpherson
- County
- Mcpherson
- State
- Kansas
- Longitude
- -97.6291
- Latitude
- 38.3723
- CBSA code
- 32700
- CBSA name
- MCPHERSON, KS MICROPOLITAN STATISTICAL AREA
